The prolonged downturn in this year’s crypto market has pushed the number of digital asset projects that have shut down to 82, according to a tally. Closures are spanning decentralized finance (DeFi), blockchain infrastructure and Web3 gaming, fueling concerns about the financial health of the industry as a whole.

Crypto researcher Stacy Muur published a list of digital asset projects and protocols that have closed so far in 2026 in a post on X on the 20th (local time). The list includes Balancer, Radiant Capital, Neon EVM and Step Finance. Muur said the scale of these closures is unlike anything she has witnessed before.

A prolonged bear market is behind the wave of shutdowns. Bitcoin (BTC) topped $126,000 last October to set an…